Good news for the first home buyers! Our Government has new plan for you!
Government is planning to reduce house loan interest rates for the new home owners!
We all know how high the house loan interest are these days and most of us can’t afford to pay the instalment for the new houses!
To encourage more first home buyer to purchase their first dream house, government has plans to help you guys out by reducing house loan interest rates.
So what reduce house loan rates are we looking at? Right now, the house loan rates is at 4.65% and the government has made a proposal to Bank Negara to reduce the current house loan interest specially for the new home owners.
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has mentioned that this proposal was discussed at today’s High Level Committee meeting which he had chaired.
He said a more competitive interest rate was needed as some house buyers found it difficult for them to secure loans.
“This is one of the reasons why 65.17% of houses (about 13,000 units) with price range between RM250,000 and RM500,000 were unsold (last year).”
“We want to reduce the people’s financial burden (to own a house),” he said to NST.
Zahid expected the matter would be tabled at the next Cabinet meeting.
This is definitely a good news for new home buyers especially after the Bank Negara announce the raise of OPR that increases the installment for the buyer.
Finger crossing for this to go through and many will be benefiting from this!